Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Reporters from Bloomberg’s Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues.
Beverley Schottenstein had a family fortune, a Florida condo and mounting fears she was being cheated by two of her grandsons—who also happened to be her money managers at America’s biggest bank. So she decided to teach them a lesson.
Investors are rushing to buy dollars after US inflation accelerated to a fresh 40-year high last month, adding pressure on the Federal Reserve for more aggressive interest-rate increases.
A key gauge of the dollar jumped 0.8% on Friday, heading for its biggest gain in five weeks after US consumer prices quickened 8.6% from a year earlier, topping estimates. The greenback’s strength sent nearly all of its Group-of-10 and emerging-market peers tumbling. MSCI Inc’s developing currency index is on track for its worst day since early May, led by losses in Brazil’s real and South African rand.